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Central Europe

Panattoni wins financing for its Park Szczecin V

Panattoni has won financing for the development of its latest development in Western Pomerania. The €20 mln loan was granted by mBank. Panattoni Park Szczecin V will comprise 30,000 sqm of which around a third has already been leased to a client from the food and hospitality sector.
Thursday, 28. March 2024

CPIPG sells 50% stake in Czech hotel subsidiary

CPI Property Group (CPIPG) has sold  a 50% stake in eight Czech hotels. This move comes alongside the signing of a joint venture agreement with Best Hotel Properties. 
Wednesday, 27. March 2024

Real I.S. achieves full investment for SCF I-fund

The latest acquisition of an office property at Innere Wiener Strasse 17 in Munich's Haidhausen district means that the specialised institutional real estate alternative investment fund Real I.S. SCF I is now fully invested and broadly diversified in its target country, Germany, with total investment of more than 250 million ...
Wednesday, 27. March 2024

Branicks finishes negotiations with creditors

Branicks has got green light for the restructuring plan from the lenders of the € 225 million promissory note loans maturing in 2024. In doing so, the promissory note loans in question are extended to June 30, 2025.
Tuesday, 26. March 2024

LHG takes over hotel operations from 12.18.

The Lindner Hotel Group takes over the operation of five hotels previously managed by the 12.18. Group. LHG's portfolio will grow from two to four brands. 12.18. will focus on real estate activities. Both companies consider the merger to be another milestone in their respective growth strategies.
Tuesday, 26. March 2024

Trident expands office space in C200 Office in Gdańsk

Trident BMC will continue as a tenant in C200 Office. It has renewed and expanded its lease to occupy more than 2,200 sqm of office space. The tenant was represented during the renegotiation process by Newmark Polska.
Tuesday, 26. March 2024

GLP completes redevelopment of Schifferstadt Logistics Park

GLP has finalised its redevelopment project in Schifferstadt, with the completion of two logistics buildings with a total area of 54,000 m². Each building has an 8,500 m² mezzanine floor and 2,000 m² of office space. The site features parking spaces for 124 cars and 35 trucks.
Tuesday, 26. March 2024

Real investment volume in Czechia could grow up to 22%

According to Savills research, Q1 2024 real estate investment volumes in the Czech Republic are forecast to reach approximately €350 million and European real estate investment volumes approx. €34 billion. Savills forecasts that year end investment volumes for the Czech Republic will exceed €1.5 billion and for Europe €177-18...
Tuesday, 26. March 2024

Aareal AGM to include squeeze-out resolution

Aareal Bank AG has invited shareholders to its ordinary Annual General Meeting, which will be held on 3 May 2024 as a virtual meeting. A key item on the agenda will be the passing of a resolution on a squeeze-out of minority shareholders. The main shareholder, Atlantic BidCo GmbH, has further specified its transfer request an...
Tuesday, 26. March 2024

Czech regional office market increases attractiveness

Regional cities in the Czech Republic are becoming an increasingly interesting alternative for investors looking for cheaper, yet high quality, office space outside of Prague. This finding comes from the latest survey by Colliers. According to the market research, net realized demand in Brno grew by 43% year-on-year, while in...
Tuesday, 26. March 2024

Panattoni and Commercecon support Centaurus Foundation

Panattoni BTS has supported the Centaurus Foundation for many years. Over the 16 years since its establishment, the charity has given a second chance to over 3,000 horses, 1,000 dogs as well as hundreds of cats and other creatures. As part of its support, the developer invited general contractor Commercecon to help out and th...
Friday, 22. March 2024

S Immo sells Zagrebtower OTP

S Immo has signed the contract to sell the Zagrebtower to the OTP Group. The disposal is in line with S Immo's adjusted strategy of gradually withdrawing from the Croatian market.
Friday, 22. March 2024

Eurofund Group bolster Germany team

Eurofund Group has appointed two new team members to strengthen its German team. Neven Grzeta, formerly of ECE, becomes CEO of Germany Retail, and Anna Lauro, formerly of Unibail Rodamco Westfield, becomes Asset Manager.
Thursday, 21. March 2024